Guatemala participates in the meeting of the Central American Monetary Council

This two-day meeting in San Salvador promotes monetary and financial policy cooperation.

by Pamela Contreras
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Guatemala City, by Brenda Larios -AGN-. Álvaro González Ricci, President of the Bank of Guatemala, is participating on behalf of the country in the 300th meeting of the Central American Monetary Council -CMCA- for two days in San Salvador.

According to Banguat, during its participation, Guatemala will report on advances in technology in the service of the population.

The president of the Bank of Guatemala will speak about the outlook for 2024 and discuss innovative digital initiatives in the services offered by the bank with his counterparts. The meeting is held on the 60th anniversary of the CMCA.

Participants

In the CMCA participate the presidents of the central banks of Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and the Dominican Republic, who address the economic outlook of their countries, the international conditions, and short and medium-term challenges. 

In addition, special guests from the Bank of Spain, the Inter-American Development Bank, the Bank for International Settlements, the International Monetary Fund, and the Central American Bank for Economic Integration will analyze economic policy challenges, international financial conditions, and regional development initiatives. The Central Bank of Brazil will also be a special guest.

The council 

CMCA’s goal is to promote cooperation in its member countries’ monetary and financial policies. The CMCA is an organ of the Central American Integration System.

The CMCA, throughout the past 60 years, has contributed with diverse Central American professionals who work for Central American economic integration with transparency, responsibility, and a spirit of service, which has been key.

It also strengthens regional financial stability by harmonizing and disseminating regional economic statistics. In addition, it supports economic research with a regional focus.

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